Skip to comments.Home builder sentiment dips slightly in September
Posted on 09/19/2011 10:05:04 AM PDT by Free Vulcan
WASHINGTON (MarketWatch) Confidence in the market for newly built single-family homes dipped slightly in September to remain in very low territory, according to an index released Monday.
The National Association of Home Builders/Wells Fargo Housing Market Index fell by a point to 14, on a seasonally adjusted index where readings above 50 are considered good. The index, which correlates closely with single-family housing starts, has held between 13 and 16 for the last six months.
(Excerpt) Read more at marketwatch.com ...
The US is ten years overbuilt.
We have tens of millions more houses - nice houses at that - than we have families to live in them.
The market has a long way left to fall.
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